The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $152,355.20 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCOGet Free Report) COO Jonathan Burth sold 4,052 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total transaction of $152,355.20. Following the transaction, the chief operating officer now owns 104,108 shares of the company’s stock, valued at approximately $3,914,460.80. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jonathan Burth also recently made the following trade(s):

  • On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The stock was sold at an average price of $37.53, for a total value of $34,227.36.
  • On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The stock was sold at an average price of $37.61, for a total value of $557,981.96.
  • On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total transaction of $356,900.00.
  • On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total transaction of $42,056.00.

Vita Coco Trading Up 4.2 %

COCO traded up $1.56 during midday trading on Friday, hitting $38.65. 571,444 shares of the company were exchanged, compared to its average volume of 473,826. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 2.25 and a beta of 0.31. The company’s 50 day simple moving average is $35.65 and its 200 day simple moving average is $30.60. The Vita Coco Company, Inc. has a 1-year low of $19.41 and a 1-year high of $38.91.

Vita Coco (NASDAQ:COCOGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The company had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $138.56 million. During the same period last year, the business earned $0.26 earnings per share. Vita Coco’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

COCO has been the subject of a number of research analyst reports. Bank of America raised their price target on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Craig Hallum raised their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price target on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Vita Coco presently has an average rating of “Moderate Buy” and a consensus target price of $33.14.

View Our Latest Research Report on Vita Coco

Hedge Funds Weigh In On Vita Coco

Institutional investors and hedge funds have recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Vita Coco in the fourth quarter valued at approximately $52,000. SG Americas Securities LLC raised its position in Vita Coco by 94.2% during the fourth quarter. SG Americas Securities LLC now owns 23,707 shares of the company’s stock worth $875,000 after acquiring an additional 11,500 shares during the period. West Coast Financial LLC grew its position in shares of Vita Coco by 1.2% in the fourth quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock valued at $3,390,000 after purchasing an additional 1,109 shares during the period. GAMMA Investing LLC grew its position in shares of Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 360 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in shares of Vita Coco by 21.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock worth $13,034,000 after purchasing an additional 80,128 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Vita Coco Company Profile

(Get Free Report)

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.

Featured Stories

Insider Buying and Selling by Quarter for Vita Coco (NASDAQ:COCO)

Receive News & Ratings for Vita Coco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vita Coco and related companies with MarketBeat.com's FREE daily email newsletter.